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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ferrogy who wrote (19752)	10/10/2004 10:14:42 PM
From: yard_man	Respond to of 110194

I have to think some politicians DO get it (peak oil) -- but they are in denial to keep their power. Iraq is a similar situation -- for most of them .. I went to a professional association meeting last night -- IEEE -- professor gave a presentation on the "hydrogen economy -- technical challenges." It was clear he hadn't thought things through -- was blathering about the theoretical efficiency of fuel cells at one pt -- "even if you include the energy for hydrolysis of water." But one thing that was very nice about his presentation, flawed though it was, he recognized at the outset how big and fundamental the shift would be away from oil. I recommend that issue of National Geographic for the maps of where known reserves are located and some of the other figures that are really handy in it. I think they did a fine job. That said -- near term this has got so much attention -- I think there'll be a squeeze -- then some silly item of "good news" that takes oil back down into the low 40's -- maybe as low as the high 30's so those in denial will have one more day to say -- "see I told you -- nothing to worry about here" -- before the truth becomes apparent to everyone. I think that happens within the next 5-10 years.